Ireland’s Private Rental Sector Losing ‘Key Player’

The private rental market continues to dominate housing commentary this week with The Irish Times publishing an in-depth view on the rental market and raising a series of policy challenges, titled: ‘Part of a dysfunctional property market with a worrying outlook for the Autumn’. Not many would argue with the assertion that Ireland’s property market is…

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Blip, bubble or something entirely different?

It is easy and understandable to get immersed in our Irish property market headlines, however, knowing that some element of uncertainty and likely correction lies ahead, it is crucial to keep a watching brief on the property market globally.  Earlier this week, The Irish Times posed the question ‘How does Ireland compare to the world’s hottest…

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Might rent controls stop capital flowing into Ireland?

Earlier this week, global news outlet CNBC reported on the “highly divisive issue” of rent controls across Europe.  As noted here on previous occasions, rent controls and other property and housing market interventions by the State are increasingly being called for – usually by opposition politicians – to tackle Ireland’s persistent housing crisis. It is tempting to…

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Let the Recovery Begin

As the Dáil leaves the Convention Centre for the last time, in expectation of a return to Leinster House mid-September, the industry is left to digest the most critical elements of the seven Bills that were pushed through in the final weeks of sitting, including the Land Development Agency Bill and the Affordable Housing Bill.…

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When it comes to housing delivery, there cannot be sides

It has been another week of political wrangling and legislative change for Irish housing, much of it counterproductive. There is still worryingly anti-investor sentiment dominating the conversation around vital new homes delivery, which is unhelpful at best. CBRE Ireland managing director, Myles Clarke, tackled this very issue in The Irish Times this week, writing: ‘International investors…

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Judicial Reviews are symptomatic of a wider problem

Unfounded objections to planning decisions and the rapid rise in judicial review applications over recent years has been a recurring topic of concern for the development industry. According to an article published in The Irish Times earlier this week, the number of new residential units impacted by judicial review applications and resultant delays increased from 508 homes…

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A Look Behind the House Price Stats

Earlier this week it was announced that the rent pressure zone (RPZ) scheme is to be reformed and any rent increase must now be made in line with the nation’s annual inflation rate. This effectively gets rid of the 4 percent annual rent hike, which was reportedly being used as more of a “target” than…

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“Widening mismatch” between housing demand and supply

Despite the ongoing pandemic restrictions, house prices across Ireland increased 4.5 percent year-on-year in April. This is the fastest level of growth recorded since 2018. Property within the capital saw the lowest annual increases, rising an average of 3.65 percent over that 12-month period, whereas property outside of Dublin saw increases of 5.4 percent. It…

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